Swap MTM definition
Swap MTM means the amount which would be payable to the Issuer (expressed as a positive number) or by the Repo Counterparty, in its capacity as the Swap Counterparty under the Swap Agreement (expressed as a negative number), pursuant to the terms of the Swap Agreement if the Credit Default Swap Transaction and the Equity Swap Transaction relating to the relevant Class of Notes were being terminated as of such time, pursuant to the terms of the Swap Agreement.
Swap MTM means the net amount, as determined by the Calculation Agent, that would be payable in respect of, together, the Index Swap and the CSA upon the designation of a Mandatory Redemption Event in respect of the Notes, expressed as a positive amount, if payable by the Issuer, and a negative amount, if payable by the Swap Counterparty.
Swap MTM means, in relation to any Notional Swap and any date, the Swap Break Amount that would be determined in accordance with the terms of the Swap Form if such Notional Swap were deemed to be terminated in full or part (as the context may require) on that date. If the Swap MTM is a negative number the Swap MTM shall be deemed to be zero for the purposes of the Transaction Documents;
Examples of Swap MTM in a sentence
As additional consideration hereunder, ▇▇▇▇▇ hereby transfers and assigns to Seller all of Buyer’s right, title, and interest to all payments and rights to receive payments, if any, that ▇▇▇▇▇ receives or becomes entitled to receive in the future arising as a result of or otherwise in respect of a Seller Swap MTM Payment.
More Definitions of Swap MTM
Swap MTM means, in respect of any day, the mark-to-market value of the Swap Agreement as determined by the Calculation Agent acting in a commercially reasonable manner, with any mark-to- market value in favour of the Issuer being expressed as a positive number and any mark-to-market value in favour of the Swap Counterparty being expressed as a negative number, provided that if the value so determined is not in the Specified Currency the Calculation Agent shall convert it into the Specified Currency at the prevailing spot rates on such day.
Swap MTM means the [sum of the] mark- to-market value of the Notional Credit
Swap MTM means the net amount, as determined by the Calculation Agent, that would be payable in respect of, together, the Swap Agreement and the CSA upon the designation of a Mandatory Redemption Event in respect of the Notes,
Swap MTM means the mark-to-market value of this Swap Transaction as determined by the Calculation Agent in its sole and absolute discretion.
Swap MTM means the net amount, as determined by the Calculation Agent, that would be payable in respect of, together, the Swap Agreement and the
Swap MTM means, each Note's pro rata proportion of the termination value of the Derivative Agreement from the perspective of the Issuer, as determined by the Calculation Agent. If the termination value is an amount payable to the Issuer it shall be a positive
Swap MTM means the mark to market value of the Swap Transaction, which shall be an amount equal to the present value of the amount payable by the Counterparty to the Issuer under the Swap Transaction determined in accordance with the Credit Support Annex.